LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Sprint Corporation To Contact The Firm

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    NEW YORK–(BUSINESS WIRE)–Faruqi & Faruqi, LLP, a leading national securities law firm, reminds
    investors in Sprint Corporation (“Sprint” or the “Company”) (NYSE:S) of
    the June 21, 2019 deadline to seek the role of lead plaintiff in a
    federal securities class action that has been filed against the Company.

    If you invested in Sprint stock or options between January 31, 2019
    and April 16, 2019
    and would like to discuss your legal rights, click
    here
    : www.faruqilaw.com/S.
    There is no cost or obligation to you.

    You can also contact us by calling Richard Gonnello toll free at
    877-247-4292
    or at 212-983-9330 or by sending an e-mail to [email protected].

    The lawsuit has been filed in the U.S. District Court for the Southern
    District of New York on behalf of all those who purchased Sprint common
    stock between January 31, 2019 and April 16, 2019 (the “Class Period”).
    The case, Meneses v. Sprint Corporation et al., No. 19-cv-03549
    was filed on April 22, 2019, and has been assigned to Judge Andrew L.
    Carter, Jr.

    The lawsuit focuses on whether the Company and its executives violated
    federal securities laws by misrepresenting the number of net postpaid
    subscriber additions in its Form 10-Q for the period ending December 31,
    2018. In a subsequent letter to the FCC, Sprint admitted that its Form
    10-Q disclosures were “incomplete” and that the reported net subscriber
    increase included those offered “free lines.”

    On April 15, 2019, Sprint filed a letter with the Federal Communications
    Commission (“FCC”) regarding Applications of T-Mobile US, Inc. and
    Sprint Corporation for Consent to Transfer Control of Licenses and
    Authorizations. The FCC Letter revealed that the Company’s postpaid net
    additions had recently been driven by ‘free lines’ offered to Sprint
    customers and the inclusion of less valuable tablet and other non-phone
    devices.

    On this news, the Company’s stock price fell from $6.10 per share on
    April 12, 2019 to $5.88 per share on April 15, 2019—a $0.22 or 3.61%
    drop.

    Then, the Wall Street Journal published another article on April
    18,2019 entitled “Sprint Tells Regulators Its Business Is Worse Than
    Earlier Portrayed.”

    On this news, the Company’s stock price fell from $6.01 per share on
    April 16, 2019 to $5.64 per share on April 17, 2019—a $0.37 or 6.16%
    drop.

    The court-appointed lead plaintiff is the investor with the largest
    financial interest in the relief sought by the class who is adequate and
    typical of class members who directs and oversees the litigation on
    behalf of the putative class. Any member of the putative class may move
    the Court to serve as lead plaintiff through counsel of their choice, or
    may choose to do nothing and remain an absent class member. Your ability
    to share in any recovery is not affected by the decision to serve as a
    lead plaintiff or not.

    Faruqi & Faruqi, LLP also encourages anyone with information regarding
    Sprint’s conduct to contact the firm, including whistleblowers, former
    employees, shareholders and others.

    Attorney Advertising. The law firm responsible for this advertisement is
    Faruqi & Faruqi, LLP (www.faruqilaw.com).
    Prior results do not guarantee or predict a similar outcome with respect
    to any future matter. We welcome the opportunity to discuss your
    particular case. All communications will be treated in a confidential
    manner.

    Contacts

    FARUQI & FARUQI, LLP
    685 Third Avenue, 26th Floor
    New
    York, NY 10017
    Attn: Richard Gonnello, Esq.
    [email protected]
    Telephone:
    (877) 247-4292 or (212) 983-9330